10555 Magnolia Ave - Freestanding FOR SALE


Riverside, CA 92505- La Sierra
$6,500,000 USD
310-704-9109
10555 Magnolia Ave, Riverside, CA for Sale
$6,500,000 USD
Freestanding - FOR SALE
1/17
null | Request Cap Rate

10555 Magnolia Ave
Riverside, CA 92505
La Sierra


HIGHLIGHTS

  • Single-Tenant Retail
  • One Story Construction - Well Maintained
  • High Exposure - Magnolia Avenue Across the Street from Kaiser Permanted and its Expansion
  • Includes Inventory and Equipment

OVERVIEW

The Property: Built in 1955, the Property is a well-maintained Single-Story building comprising approximately 7,810 Square Feet and situated on an approximate 20,878-square-foot lot. The location is on highly trafficked Magnolia Avenue and is contiguous to the Riverside Days Inn Hotel. Currently operated as a car stereo/auto parts and repair business, the long-term owner is offering both the Real Estate and the Business Equipment and Inventory for sale. They are included in the sales price. The owner may also consider a lease-back. Please note that the Property is a current operating Business. All interior showings are by appointment only through the Listing Agent, and the current working staff is not to be disturbed or asked questions. Location: The Property is located on highly trafficked Magnolia Avenue, offering excellent street exposure for the existing business. Adjacent to the Property is the Days Inn Riverside, and across the street on Magnolia Avenue is the Riverside Kaiser Permanente, which has undergone a significant augmentation/expansion to the existing facility. The Property is accessed by the 91 Freeway off of Magnolia and is near significant retail development.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$802 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

C2

APN/PARCEL ID

143-290-010,143-290-011

ASK ABOUT THIS PROPERTY

Luis VazquezSPERRYMore Info
310-704-9109

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Luis VazquezSPERRYMore Info
310-704-9109

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.